I have just had this response from Tenon and am actually quite upset. The fact that they didnt even contact me to tell me this was going on is just wrong.
I write further to your request for a certificate of closure.
A recent decision by a tax tribunal, which did not involve your IVA but which is likely to affect all IVAs in the UK, means that it appears that VAT should not have been chargeable in respect of the Nominee’s and Supervisor’s fees. As a result of this, my firm is making enquiries into whether a refund of VAT may be claimed. The position has not yet been confirmed but it seems probable that any refund would be paid into your IVA.
Whilst these enquiries are ongoing, there will be a delay in terminating your arrangement. At present I cannot give you a timescale for how long this would be. Your IVA will simply remain open to collect and disburse any VAT refund due.
Given the circumstances, should you require a further letter from me to be presented to your creditors or a third party, please do not hesitate to contact me.
I have asked if this will effect how long the IVA stays on my credit rating and am waiting for them to respond. I have done my bit I understand the creditors will want their money back, but I want my life back
Not sure how kindly the companies that have defaulted me will take to a letter from Tenon saying its completed but not closed...
Whilst these enquiries are ongoing, there will be a delay in terminating your arrangement. At present I cannot give you a timescale for how long this would be. Your IVA will simply remain open to collect and disburse any VAT refund due.
Given the circumstances, should you require a further letter from me to be presented to your creditors or a third party, please do not hesitate to contact me.
